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ANZ Business Overdrafts

An ANZ Business Overdraft is a flexible cash flow solution that allows you to stay on top of the ups and downs of business.

  • Flexible repayment options
  • Flexible loan terms
  • Easily access funds

Connect with a business banking specialist

Manage your cash flow with an ANZ Business Overdraft.

Flexible Cash Flow solution

Revolving line of credit which gives you access to additional funds up to an approved limit when you need it.

$2,000

Minimum facility amount

Secured or unsecured

Security options

What's the difference between a business loan and an overdraft?

While both business loans and overdrafts involve borrowing money, they’re set up differently to meet different needs.

 

Business loan

A business loan has a set lending term and can suit small and large capital purchases. With a business loan you will make regular agreed repayments.

 

Business overdraft

Overdrafts are flexible short-term cash flow solutions that can help with the ups and downs of business by covering trading or seasonal cash flow cycles or managing working capital, e.g. paying suppliers or purchasing stock. Unlike business loans, overdrafts do not have set repayment commitments. You can draw on the funds in your overdraft, up to the agreed limit, and make deposits when funds are available. A fee is charged for the total limit, but you’ll only pay interest on the balance outstanding, not on the total limit.

 

Benefits

Maintain cash flow

Withdraw money up to an approved limit when you need to, and make deposits when your business receives payments.

Secured or unsecured finance

The overdraft can be unsecured (an individual / director’s guarantee may be required), or secured by suitable residential,disclaimercommercial or rural property, business assets or a combination of these, acceptable to ANZ. disclaimer

Flexible loan terms

No minimum or maximum term length, though an expiry may be elected.

Flexible repayments options

No fixed or set repayments are required.

Access funds easily

Using an ANZ transaction account to easily access your funds through ANZ Internet Banking, Digital Wallet, ANZ ATMS and more.

Pay interest on what you use

Interest is charged on what you use and added to what you owe.

Easily apply online for finance with ANZ GoBiz

ANZ GoBiz is our easy way to apply online for business loans and overdrafts. Where eligible, you could get conditional approval in just 20 minutes.

  • Loans up to $500,000
  • Overdrafts up to $300,000
  • Funds in your account in two business days*
  • Unsecured lending

Required accounting software

Xero, Intuit Quickbooks and MYOB AccountRight logos

Explore ANZ GoBiz

*Once approved, you'll need to sign and return your documents. Once we receive these, your funds will be in your business account within 2 business days.

Who can apply for an ANZ Business Overdraft?

Eligibility

To be eligible for an ANZ business overdraft:

  • The overdraft must be used for business purposes
  • Customers must be business entities, including sole traders
  • The directors, partners or sole traders must be 18 years of age or older
  • You'll need to meet additional eligibility criteria when applying through ANZ GoBiz

Not eligible?

We offer flexible and tailored lending solutions for businesses, find out how you can get on top of business with our range of other business loans to help you manage your cash flow or grow your business. 

For more information, speak to a business banking specialist on 1800 801 485

 

What's the application process?

Step 1: Submit an enquiry

Fill out an enquiry form and a business banking specialist will speak to you about the product and give you the documents you need to apply.

Step 2: Apply

Complete your application and provide ANZ with the required information. We’ll seek further details from you if we need to.

Step 3: Review

Once we have all the information we need, we’ll assess your application and then make a decision. If necessary, we’ll work with you to satisfy any conditions to the lending.

Step 4: Letter of offer

If approved, we’ll provide you a Letter of Offer outlining the terms and conditions of your loan.

 

Ways to apply

Submit your details

Send us your information and a business banking specialist will get back to you as soon as possible.

Get started online

Call us

Contact the team Mon-Fri 8am to 8pm (AEST).

1800 801 485

What are my other lending options

ANZ GoBiz

ANZ GoBiz illustration of a clock, mobile and coins

Applying online for a business loan or overdraft is easy.  Get conditional approval in just 20 minutes, where eligible.disclaimer

Business loan amount:

$10k – $500,000

Overdraft limit:

$2k – $300,000

Term length:

Business Loan:  Up to seven years with a variable rate, or up to three years with a fixed rate.

Overdraft:  No minimum or maximum term 

Security:

Unsecured

Explore ANZ GoBiz

ANZ Business Loan

Business Loans illustration of a shop, plant and coins

An easy-to-use and flexible business loan that can be tailored to suit your lending needs.

Loan amount:

Minimum $10,000

Term length:*

1 – 15 years for unsecured loans

1 – 30 years for secured loansdisclaimer

Security:

Secured or unsecured

ANZ Business Loan

*Term lengths are subject to the relevant product terms and conditions, eligibility and credit criteria, and will vary according to the security provided.

Vehicle and Equipment

Vehicle and equipment illustration of truck, coffee machine and printer copier

ANZ Vehicle and Equipment Finance is tailored to suit the needs and cash flow of your business.

Loan amount:

Minimum $7,500

Term length:*

1 – 5 yearsdisclaimer

Security:

Secured or unsecured

Vehicle and Equipment

*Term lengths are subject to the relevant product terms and conditions, eligibility and credit criteria, and will vary according to the security provided (including financed assets).

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Contact us

Request a call back

Have us call you back to discuss your business needs

Leave your details

  

Call us

Mon-Fri 8.30am to 8pm (AEST)
 

1800 801 485

  

 

Talk to someone local

Chat with one of our local business bankers
 

Find your local business banker

   

Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider whether it is appropriate for you.

ANZ recommends you read the applicable Terms and Conditions and the ANZ Financial Services Guide (PDF 179kB) before acquiring the product.

Products are available to approved applicants for business purposes only. All applications for credit are subject to ANZ's normal credit approval criteria. Terms and conditionsFees and charges and eligibility criteria apply.

We recommend you obtain independent advice from a financial planner and registered tax agent if you are considering whether these products are right for you.

We recommend you obtain independent advice from a financial planner and registered tax agent if you are considering whether this product is right for you.

Residential property does not include property development or speculative residential construction.

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For secured loans, the security provided must be acceptable to ANZ, meeting ANZ security requirements including minimum security coverage and suitable security location.

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Applicants for ANZ GoBiz need to meet eligibility and credit criteria. Once approved, you'll need to sign and return your documents. Once we receive these, your funds will be in your business account within 2 business days.

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The term of the loan will be subject to relevant product terms and conditions, eligibility and credit criteria, and will vary according to the loan amount and security provided.  Eligibility criteria for an ANZ Business Loan with a 30-year loan term includes:

  • total credit facilities with ANZ, including new loan funds as part of the application and any credit facilities held by related entities, must be less than $3 million;
  • loan purpose acceptable to ANZ; and
  • provision of security acceptable to ANZ, meeting ANZ’s security requirements including minimum security coverage and suitable security location.
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The eligibility criteria for Vehicle and Equipment Finance on a term of up to 5-years includes purchase of an asset acceptable to ANZ, meeting ANZ’s security requirements including suitable age, type and intended use of the asset.

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